Property Rates in Matunga East, Mumbai 2026

Property prices in Matunga East have shown an upward trajectory over the last few quarters, moving from ₹47,700 per sq ft in September 2025 to ₹51,000 per sq ft as of June 2026. While there was a slight fluctuation in the micromarket rate during this period, the consistent rise in the location rate signals strong investor and end-user confidence in the area's real estate value.

The average asking price in Matunga East is currently ₹49,100 per sq ft, which sits notably higher than the Government Registration Rate of ₹33,450 per sq ft. This gap is common in premium localities and suggests that market-driven valuations for high-quality residential inventory often exceed the baseline rates used for official registration purposes.

As of June 2026, Ready To Move properties in Matunga East are priced at an average of ₹41,650 per sq ft, having appreciated by 5.71% compared to the prior period. In contrast, Under Construction projects are currently averaging ₹46,750 per sq ft, which represents a 0.81% appreciation. The higher price point for under-construction units often reflects the premium associated with modern amenities and newer building standards.

The average rental yield in Matunga East is 3.64% as of June 2026. This yield provides a clear benchmark for investors evaluating the income-generating potential of their property relative to the current average asking price of ₹49,100 per sq ft. A yield at this level is characteristic of established, high-demand residential hubs in South Mumbai.

Rental rates in Matunga East vary significantly by unit size, with Studio apartments averaging ₹27,650 per month and 1 BHK units at ₹68,150 per month as of June 2026. Larger configurations command higher premiums, with 2 BHK units averaging ₹1.18 Lakh, 3 BHK units at ₹1.87 Lakh, and 4 BHK units reaching ₹3 Lakh per month. These figures reflect the diverse housing demand in the locality, catering to both single professionals and large families.

As of June 2026, Kesar Horizon leads the rental market in Matunga East with a rate of ₹160 per sq ft, followed by Gurukul CHS Matunga at ₹155 per sq ft and Earth Building at ₹154 per sq ft. Earth Building has seen a significant rental appreciation of 32.76% compared to the previous period, highlighting its growing desirability among tenants seeking premium living spaces in the area.

Matunga East maintains a robust average rental rate of ₹149 per sq ft as of June 2026, which is higher than several surrounding areas like GTB Nagar, Dosti Acres, and Sion East, all of which average ₹100 per sq ft. While Matunga East and its immediate vicinity, such as Matunga West and Wadala, command premium rates of ₹150 per sq ft, areas like Kasaravadi have experienced a 26.41% depreciation in rental rates, indicating a varied rental landscape across these micro-markets.

A buyer should view the current average asking price of ₹49,100 per sq ft in June 2026 as a reflection of the locality's premium status in South Mumbai. With a 0.89% appreciation rate, the market is demonstrating resilience. Buyers should compare this with the specific status of the project they are interested in, as New Launch projects are currently priced lower at ₹36,900 per sq ft compared to the Well Occupied segment at ₹47,600 per sq ft.

Yes, projects like Godrej Five Gardens and Rustomjee La Sonrisa are among the top listings, with current rates of ₹64,850 per sq ft and ₹58,400 per sq ft respectively as of June 2026. While Godrej Five Gardens has seen a depreciation of 7.86% and Rustomjee La Sonrisa a 3.19% depreciation compared to the previous period, Kalpataru Matru Ashish has shown strong growth, appreciating by 8.53% to reach ₹58,400 per sq ft.